Must-Read Tips to Buying Property in Malta as a Foreigner

Must-Read Tips to Buying Property in Malta as a Foreigner

Investing in Maltese real estate comes as an attractive prospect, since the country has an active real estate market with good weather and welcoming people. Moreover, the government has enacted many rules and regulations to make the process seamless for foreigners.

However, there are many things you need to know before investing in Maltese real estate. This includes the permits required, prices, expat-friendly cities, and the properties in Malta that are more accessible to buy.

In this guide, you will learn all this and more, as we provide you with everything you need to know about buying property in Malta as a foreigner.

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Understanding Malta’s Luxury Real Estate Market

Understanding Malta's Luxury Real Estate Market

Regardless of the region, property ownership is always a hot topic. But when it comes to Malta, property ownership seems to be in the country’s DNA. In fact, the Maltese people encourage and help their children buy their first homes, as home ownership is integral to them.

The overall scope of Malta’s luxury housing is also impressive, to say the least, since it has managed to stay robust despite the Great Depression and the Greek market collapse.

Moreover, it is among the top-performing housing markets in the world, experiencing consistent capital growth. As for the country itself, it has excellent standards of living and a warm Mediterranean climate to complement them.

Hence, it is understandable why you might want to move to Malta.

In this guide, you will learn the ins and outs of the Maltese luxury real estate market, including the types of properties available, desirable locations and the process involved in purchasing a property.

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Malta & Brexit: Implications for Moving & Living

Malta & Brexit: Implications for Moving & Living

The number of Britons living in Malta has increased since 2014 because many investors saw it as a good country for relocation due to its thriving economy. However, this is now in jeopardy following the Brexit referendum.

Luckily, Britons who are already living in Malta will not be forced to return home, despite speculation during negotiations between leaders of both countries. However, for those who haven’t yet moved it may become more difficult for them to live and work in Malta.

A University College London study found that over 300,000 British citizens are living in Malta today, with the majority being retirees who can enjoy better weather, lower taxes, and easy access to European travel routes after Brexit.

However, many of these Britons are not planning on moving back home after the implementation of Brexit, instead choosing to remain in their Maltese homes for years to come. In this guide, we cover everything you need to know about moving and living in Malta in a post-Brexit world.

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Gozo Property for Sale: Tips to Buying Houses & More

Houses for Sale in Gozo

As the second-largest island of the Maltese archipelago, Gozo attracts thousands of visitors every year. But not everyone comes to the city just for sightseeing and spending a week of leisure. Some people fall in love with the laid-back and rural charm of Gozo, intending to make it their home for a longer-term.

Finding property for sale in Gozo is not exactly a difficult feat. Still, you need to be familiar with the country’s guidelines and the legal framework surrounding real estate purchases by foreigners.

This guide will discuss how you can find the perfect Gozo property to make your home and some tips to make the process a breeze.

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Malta Condominium Act: Your Rights & Obligations

Malta Condominium Act: Your Rights & Obligations

In Malta, there are specific rights and regulations set in place for those who choose to own a condominium. The Malta Condominium Act was created to regulate the obligations of condominium owners and responsibilities of the administrators. It ensures owners have more enjoyment and protection as they invest in this type of real estate.

Understanding the Malta Condominium Act can help you gain a greater understanding of the benefits of owning a condominium or apartment in Malta. It can also allow you to discover when your rights may be violated.

Being aware of your rights and obligations can help you become a more educated and responsible condominium owner.

The act was first established in 1997, and had amendments made since. It helps to prevent the various problems that can arise with condominium ownership by clearly stating the obligations, responsibilities and rights of all parties involved.

In this guide, you’ll learn the benefits of registering your condominium, what is considered to be a part of the Common Part and what to do if you aren’t satisfied with those who work as the administrators of the Common Part. Finally, you’ll also learn how decisions are approved for a condominium that you may own or are looking to purchase.

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Finding Property to Rent Long-Term in Gozo

Property to Rent In Gozo

Gozo is the second-largest Maltese island. Aptly named, its name literally translates to “sweet” in Maltese. And there’s no reason why you can’t enjoy the sweet life on this beautiful island.

Known for its scenic hills and Azure Window, the naturally-made limestone arch, Gozo is a sight for sore eyes, with many homes and penthouses looking over the seafront.

If you plan to relocate to Malta for work or leisure, living in Gozo will be a treat. Despite being a lovely hub for water sports and serenity-filled living, Gozo is still a relatively budget-friendly place to live in. From townhouses and apartments to luxury homes, the residential options in the city are endless.

However, finding property to rent in Gozo can be a bit overwhelming — particularly if you’re a foreigner who does not understand the ins and outs of the local real estate market. This guide will explain how you can find a long-term property to rent in Gozo and the three types of tenancy contracts, one of which you will have to sign.

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Gozo or Malta: Which Island Is Best for You?

Gozo or Malta

If you’re planning to visit or move to Malta, then you’ve probably come across the “Malta vs Gozo” debate. As the only inhabited islands in the country, those hoping to visit the archipelago will have to make a choice, will they stay in Gozo or Malta?

If you’ve done your research you probably know that these two islands are quite different, even though they’re only separated by a five-mile stretch of water. As a result, you may find yourself in a bit of a dilemma trying to decide where to stay.

If you’re moving to the country, you’ll probably end up visiting both islands no matter where you stay, but you still need to know which one of them you’ll call home. Tourists, on the other hand, will probably miss out on one of them since visitors usually stay at a single resort for the duration of their trip.

Luckily for you, we know plenty about both islands, and this post will be the perfect guide to help you select the ideal location between the two. First, we’ll look into each island individually, before comparing them and finally giving you a condensed list of pros and cons for each.

Hopefully, by the end of this post, you’ll know which of these islands suits you best, both for visiting or settling permanently.

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